The US-based Ethereum ETFs (exchange-traded funds) have had a mixed performance over the past week. The crypto-linked products continued a woeful start to the month of August with consecutive withdrawals at the beginning of this week.
According to the latest market data, the US Ethereum ETF market saw a total net inflow of $222.34 million on Friday, August 8. This positive performance for the crypto investment products confirmed a return of an optimistic sentiment amongst the US ETF investors.
Fidelity Ethereum Fund (FETH) and Grayscale Ethereum Mini Trust (ETH) followed ETHA, with $132.36 and $38.25 million total net inflow, respectively, on Friday. Grayscale ETH Trust (ETHE) is the only other Ethereum ETF with at least eight-figure capital inflows ($26.84 million) to close the week.
While the Ethereum ETFs registered massive investor withdrawals at the start of the week, totaling $465 million on Monday, August 4, the four-day inflow streak was enough to push the weekly record into positive territory. According to market data, the ETH exchange-traded funds saw $326.83 million in net inflows in the past week.
As of this writing, the price of ETH has surpassed $4,200, reflecting an almost 9% increase in the past 24 hours. Meanwhile, the altcoin is up by more than 21% in the last seven days.
